Toyota's Big Bet On Hybrids Pays Off [Yahoo! Finance]
Toyota Motor Corporation (TM)
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toyota-global.com/investors
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Source: Yahoo! Finance
Here are the important stories you need to know. 1st Gear: Toyota's Hybrid Sales Are Up By A Third While most automakers around the world made a sudden pivot to electric cars, Toyota held off and decided to stick with hybrid models and slowed its rollout of battery-powered cars. Now, that cautious approach to electrification appears to be paying off, as hybrid cars just helped the Japanese automaker to a record-breaking year in terms of deliveries and sales. Toyota announced this week that across its brands it sold more than 10.3 million cars through its latest financial year, reports Bloomberg . As the site explains: Production rose 4.5% to 11.2 million units on robust demand in North America, Europe, and India. Output was firm in Japan as well, despite a temporary halt in shipments in the latter half of the year after Daihatsu was found to have been manipulating crash safety test results for more than 30 years. Toyota's sales in China increased 1.4%, contrasting with the s
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